Oil companies Current Affairs, GK & News
The Energy Transition Advisory Committee was formed by Ministry of Petroleum and Natural Gas. It is headed by Tarun Kapoor, former Secretary of Petroleum Ministry. It will focus on increasing the share of clean energy sources such as hydrogen, biofuel, nuclear, geothermal, tidal in the energy mix of the country. Why was the committee formed? ..
The tussle b/w Reliance Industries and the petroleum ministry over the future of India’s significant gas acreage reached to a full blown confrontation. Reliance and its partner BP have indicated the shutdown of the country’s biggest gas discovery- KG-D6 in 2015 if the government did not approve its long-pending investment proposals and revised capital expenditure ..
Month: Current Affairs - July, 2012
British Petroleum agreed to pay $7.8 billion in to resolve private plaintiffs affected by the spill from one of its wells in the Gulf of Mexico Oil Spill disaster in April 2010. The proposed settlement presents a substantial advancement towards settling issues from the Deepwater Horizon accident and adding further to economic and environmental restoration ..